The Ghana Stock Exchange has announced that Digicut would be formally listed on the Ghana Alternative Market tomorrow following a successfully IPO. The IPO was always bound to be successful on the back of the fact that it was fully underwritten by Gold Coast Brokerage at a fee of 0.90% of the offer.

Digicut sought to raise GHS2.85 million at a valuation of GHS9.51 million, which reflects per share valuation of GHS0.08. The proceeds from the IPO would be used to pay debts, purchase new equipment and provide working capital

The GSE indicated in a release that “SIC Brokerage Limited and Gold Coast Brokerage Limited, the Sponsoring Brokers of the Digicut Advertising and Production Limited Initial Public Offer announces for the information of the general investing public that the listing and first day of trading of the shares of DIGICUT on the Ghana Alternative Market (GAX) will be held tomorrow Wednesday, April 11, 2018 on the Trading Floor of the Exchange from 10:10am."